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» Latest News

Safer Iraq Draws Foreign Investors
By Charles Levinson, USA TODAY

BAGHDAD — Iraq is poised to receive a flood of foreign investment, thanks to improved security. More than $74 billion in projects have been submitted for government approval in just the past five months, according to Iraq's state investment regulator.

The investors include companies from the U.S., Europe, and Gulf Arab states. Their proposals all involve sectors other than oil, including a $13 billion new port for the southern city of Basra, several hotels and thousands of housing units nationwide, says Ahmed Ridha, the chairman of Iraq's National Investment Commission... Read more here...

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Leaders have vision of burgeoning Baghdad
By Charles Levinson, USA TODAY

BAGHDAD — From his window in Baghdad's City Hall, Mayor Saber Nabat al-Essawy gazes out on a 41/2-acre parking lot — at least for now.

In two months, he says, a United Arab Emirates-based developer will break ground on a 30-story, $270 million tower. It will house shopping malls, office space and apartments, the first step toward realizing al-Essawy's ambitious vision for Baghdad's future.

Eventually, he hopes to look across the capital and see billions of dollars worth of malls, luxury hotels, outdoor amphitheaters, public swimming pools, apartment towers, gardens, stadiums and more. He hopes it will be funded largely by foreign investors whose interest in Iraq has suddenly perked now that security has improved and sectarian tensions have eased... Read more here...

» Last 50 Iraqi Posts
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	Text of the Security Agreement (SOFA) Seaview Today 11:58 AM	Today 07:19 PM by dldnl	10	181	Iraqi General News
	Washington has asked Kuwait 40 billion U.S. dollars in aid and write off debts of Iraq arh777 Today 06:07 PM	Today 07:18 PM by rich man	3	108	Iraqi General News
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» Last 50 Non-Iraqi Posts
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